Higher shipping volumes should be good news but what worries me is how much KML is getting for their IO? GBG hasn't been releasing IO revenue information and I keep thinking that if revenue was positive news why wouldn't they release this information? For the Sept'13 quarter, 1.7mt was shipped and KML still needed a cash injection of $US200M when the estimated full operational cost per quarter at full steady-state production is forecast to be only $175M! Get ready for some negative revenue information. DYOR.
shipping signals, page-19
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